Bot mitigation specialist Kasada today announced raising $20 million in a funding round that brings the total raised by the company to $60 million.
The investment round was led by EQT, with additional support from existing investors Main Sequence Ventures, Our Innovation Fund, Reinventure, the StepStone Group, Ten Eleven Ventures, and Turnbull & Partners.
Founded in 2015, Sydney, Australia-based Kasada provides organizations with the tools needed to fend off web-based attacks such as account takeover, API exploitation, bots, checkout fraud, and data scraping.
With a track record in bot detection and mitigation, the company is on a mission to restore digital trust for enterprises amid an increase in AI-driven, automated threats.
Kasada says its understanding of the attacker mind allows it to detect attacks at an early stage, before fraud reaches organizations, thus reducing operational costs, improving security outcomes, and preventing degradation of user experience.
Its protections, the company says, are invisible to the user, adapt to the evolving threat landscape, and are difficult to evade.
The new investment will allow the company to expand to more markets and to accelerate product capabilities across agentic defense and fraud prevention.
“This new investment enables us to expand globally and deliver a broader, end-to-end trust platform that secures every digital experience across login, signup, payments, APIs, and AI applications, without introducing friction to legitimate users,” Kasada founder and CEO Sam Crowther said.
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